There is no place like Manhattan Beach or Hermosa Beach in California or the entire U.S. So many reasons these two resort towns are unmatched anywhere. The reasons can be found by clicking on "More," (just above this paragraph), then click on "Two most desirable CA cities."
Meanwhile, here is a message to savvy potential buyers and investors:
Houses with assessed land values that are much greater than the house (improvements) value have the best chance for higher appreciation rates, and I know where those properties are. Mostly, they are in prime locations, like on The Strand, walkstreets, and other locations closest to the ocean. Those properties’ values have been rising fastest because of the abounding desirability of the area and scarcity of buildable land.